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Time for Gold and Silver Investment

Is it time for gold and silver investment? Maybe.

Read further below.

Gold and silver price soar

In March 2011, I bought a pair of gold earrings for my mum’s birthday. The price was RM155 per gram. That was the highest price I had paid for gold!

I won’t be surprised if the price will reach RM200 per gram soon.

When I asked the shop owner about the silver price, she said the silver price has increased by more than 50%. The same silver necklace which cost RM40 will cost about RM65 now!

Is gold a good investment?

A few years back, I read from a financial planner that gold investment will not give a high return.

But from my own experience, it does give a high return.

But again, there could be many factors affecting gold investment. Personally, I think it will be good to have a small portion of our investment in the form of precious metals such as gold and silver.

That is why I invested in a gold savings account.

With a gold saving account, I don’t have to spend additional money on its safekeeping. Whenever the price drops, I can just top-up my gold investment.

Final thoughts

What’s your view? Do you think it is wise to invest in gold or silver or other precious metal?

And do you think it is a good time for gold or silver investment now?

5 thoughts on “Time for Gold and Silver Investment”

  1. I personally have invested in Gold Before. I bought like a few years back at the price of RM 100 per gram and sold around RM 115 per gram.

    Gold investment is quite solid. Seems like the old saying is that, gold price always up and up so far seems true to me. It has not stopped going up since I sold all my gold at RM 115!

    Gold will fly much higher if the economy is bad. At good times gold will just linger there only.

    Just my 2 cents! ^^

  2. kampunginvestor

    It will soar as gold prices never drop one. How much it will soar nobody knows. Anyway is the price of GOLD really soar, it does not mean a good thing too…

  3. Hi, just bumped into your blog while surfing. Nice blog, with lots of basic and important info. Wish my girlfriend was as well informed as you though.
    I just wanna comment a little regarding the gold and silver subject, it should not be speculated and forecasted, it will soar, it always soars, as currency is wobbly, and money is no longer 100% backed by gold so bills fluctuate. I just got a job, my life was really zero before today, so I would invest in gold and silver, because these are really getting rare in the world today. Another thing I noticed and did some minor research is Water. Water maybe the this generations investment as water consumption is skyrocketing with prices sold even at mamak cheapest 20cents xD Water would be a good investment, but I have yet to figure out where to start….do share some researches please….cheers!

  4. Hi Ian, thank you for dropping by and your 'wish' made my day lol.. 🙂 So far, gold is really an investment with high return for me. But, I always like to spread my investment. Hmm.. water investment? something new for me. but, how to invest? let's do some research and share it 🙂

    Great that you've got a job. Spend some, and save some 🙂 Enjoy and all the best!

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